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WASHINGTON, June 23 (Xinhua) -- China represents a huge opportunity for American businesses, and the relationship between the two countries should not be portrayed as a zero sum game, Commerce Secretary Gary Locke said on Wednesday."There are so many opportunities for trade to benefit both China and the United States," Locke said at a Senate Finance Committee hearing."I have seen those benefits first hand over the last 20 years, as Commerce Secretary, as an attorney in private practice, and as the governor of Washington State, where I helped double exports to China during my tenure."According to Locke, thanks to strong Chinese demand growth and recovery in prices of agricultural products, now the U.S. exports to China are growing faster than overall U.S. exports."We should neither underestimate the importance of the China market nor the potential it holds for American exporters who tap into it."During the same hearing, Ron Kirk, the U.S. trade representative, also hailed the opportunities provided by the China's growing economy."Thanks to China's strong recovery from the global recession, we have seen double digit growth in a variety of export sectors, ranging from high-end manufactured goods and chemical products to agricultural goods like soybeans," said Kirk.

BEIJING, Aug.1 (Xinhua) -- The People's Bank of China, China's central bank, has asked its branches to effectively implement a moderately loose monetary policy in the second half of the year.The bank urged maintaining the continuity and stability of monetary policies while making them more targeted and flexible, according to a statement on the bank's website after a meeting with branch presidents.It also urged adhering to the policy of striking a balance between keeping stable and relatively fast economic growth, adjusting the economic structure and managing inflation expectations.It asked its branches to stick to its annual lending target while maintaining market liquidity at a reasonable level.Housing loan policies should be strictly implemented to ensure the stable and healthy development of China's real estate market, the statement said.h China's monetary policy should be more proactive, targeted and effective, the statement added.The central bank has set a target to keep the country's new bank lending to below 7.5-trillion-yuan (1.1 trillion U.S. dollars) in 2010.In the first half of the year, China's new yuan-denominated lending hit 4.63 trillion yuan, down 2.74 trillion yuan from the same period last year.

BEIJING, June 18 (Xinhua) -- Chinese Vice Premier Hui Liangyu on Friday urged local governments to strengthen flood control efforts and try all means to save the people endangered by the disaster.The official asked the Ministry of Water Resources and local governments to pay close attention to the development of the flood and prevent dam breaks.Government authorities should also pay more attention to rain-triggered landslides and other disasters brought by flood, Hui said.Soldiers transfer an old man trapped by the flood water at Songxi Town of Qingliu County, southeast China's Fujian Province, June 18, 2010. The Ministry of Civil Affairs said, by 4 p.m. Friday, the heavy rains that began pounding south China Sunday had left 69 dead, 44 missing and forced the evacuation of 493,000 people in Fujian, Jiangxi, Hunan, Guangdong, Sichuan and Guizhou provinces as well as Guangxi Zhuang Autonomous Region.About 5.65 million people in 172 cities in seven southern regions were affected by the heavy rains, namely Fujian, Guangdong, Hunan, Jiangxi, Guangxi, Guizhou and Sichuan, the ministry said in a statement.Further, the rains and ensuing floods and landslides have engulfed roughly 300,000 hectares of crops, of which 27,500 hectares of crops have been destroyed, it said, adding that about 98,000 homes have collapsed or been damaged.Also, the heavy rains are being blamed for direct economic losses of 6.5 billion yuan (about 950 million U.S. dollars).The State Flood Control and Drought Relief Headquarters initiated a level-III emergency response plan, sending work teams to guide the flood control efforts in the worst-hit regions - Fujian, Jiangxi, Hunan and Guangxi.

TORONTO, Canada, June 26 (Xinhua) -- Chinese President Hu Jintao visited an aircraft manufacturing facility on Saturday morning, in a gesture to show that China attaches importance to expanding mutually beneficial cooperation with Canada.Bombardier, a Canada-based global manufacturer of planes and trains, has cooperation projects with China in the areas of civil aviation and rail transportation.It has been working with the Shenyang Aircraft Corporation (SAC) of China to jointly develop and manufacture the innovative C series of airplanes.Hu toured the factory to have a close look at the components of the Q400 aircraft, which was partly manufactured in Shenyang. He took a photo with Pierre Beaudoin, president and chief executive officer of Bombardier Inc., in front of the components made in China.Visiting Chinese President Hu Jintao (L, front) visits the cabin of an aircraft during a tour of the aircraft factory of Bombardier Aerospace in Toronto, Canada, June 26, 2010.The president also went aboard a Q400 aircraft and a Global 5000 jet on display in the factory. He expressed the hope that the cooperation between Chinese companies and Bombardier would have an even better future.Bombardier has developed a strong strategic partnership of mutual trust and mutual benefit with China, Beaudoin said.President Hu's visit is of great significance for advancing cooperation between Bombardier and its Chinese partners, he said.Bombardier is ready to work with its clients and cooperative partners in China to create a better future, he added.He also expressed the hope that Canada and China would develop an even stronger, constructive and sustainable relationship.Bombardier has set up three joint ventures and six wholly owned enterprises in China, all in the rail transportation industry.In recent years, Bombardier has identified China as an emerging market for its commercial aircraft and enlisted several local subcontractors for making aircraft components. The Canadian company now has offices in Beijing, Shanghai, Guangzhou and Hong Kong.Hu arrived in Toronto on Friday afternoon after spending three days in Ottawa, where he and Canadian Prime Minister Stephen Harper witnessed the signing of a number of documents on cooperation between the two countries.Hu is to attend a summit of the Group of 20 countries in Toronto at the weekend.

NANJING, July 3 (Xinhua) -- The population of China, the world's most populous country, is projected to reach 1.39 billion by the end of 2015, with those age 60 or over topping 200 million people, said Li Bin, head of the country's top population policy agency.Li, director of the National Population and Family Planning Commission, released these estimates Saturday during a speech at the annual conference of the China Population Association in Nanjing, capital city of east China's Jiangsu Province.The urban population is projected to be over 700 million over the next five years, for the first time exceeding the rural population, according to Li.She said the increase in the next five years would be based upon the nation's population momentum, which, according to her, would begin to decline after 2015.Population momentum is the tendency of a highly fertile population that has been rapidly increasing in size to continue to do so for decades after the onset of even a substantial decline in fertility.Chinese government statistics show China's population stood at 1.32 billion at the end of 2008, which was about 2.5 times the number in 1949 when the People's Republic of China was founded.To put a hold on the fast growth, the Chinese government adopted a one-child policy in the late 1970s. The policy had helped China's total population increase less than 40 percent between 1978 and 2008, whereas it nearly doubled between 1949 and 1978.However, during the next five years the development of China's population is expected to go through major transitional changes, Li said.China's first boom in its aging population is expected in the next five years, with roughly an average of eight million people turning 60 each year, 3.2 million more than occurred between 2006 and 2010, she said.In the coming five years, the ratio of the population aged 15 to 59 would peak and then slowly fall, whereas the population dependency ratio, a measure of the proportion of the population too young or too old to work, would rise for the first time after over 40 years of decreasing.In general, China would still retain the advantage of a plentiful labor supply and a relatively low population dependency ratio, she said.